실적 쇼크 두나무, 전분기 순익 반등에도 ‘고비용 구조’ 부담

Dunamu's Q1 earnings deterioration exposes critical vulnerabilities in its business model, with 97% revenue concentration on Upbit trading fees amid cryptocurrency market downturn. Rising operational costs combined with negative cash flow underscore the urgent need for revenue diversification, which the company is pursuing through stablecoin and blockchain infrastructure initiatives under incoming Naver Financial ownership.